Wireless Mobile Machine Control Market by End-user and Geography - Forecast and Analysis 2020-2024

  • Published: Jul 2020
  • Pages: 120
  • SKU: IRTNTR44431
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The wireless mobile machine control market size has the potential to grow by USD 1.31 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by end-user (construction, agriculture, mining, and waste management) and geography (APAC, North America, Europe, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Cervis Inc., Eaton Corporation Plc, GS Global Resources, Hartfiel Automation, Kar-Tech Inc., Laird Connectivity, Leica Geosystems AG, Lykketronic AS, MOBA Mobile Automation AG, and WIKA Mobile Control GmbH & Co. KG.

Market Overview

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Market Competitive Analysis

The market is concentrated with the presence of limited key vendors who offer wired as well as wireless solutions. Vendors are offering innovative products to expand the scope of wireless mobile machine control solutions over wired solutions and to increase the availability to more applications.  Additionally, vendors also focusing on expanding their presence in APAC and Americas to cater to the high demand from the end-user industries in these regions. Cervis Inc., Eaton Corporation Plc, and GS Global Resources are some of the major market participants. Although the advent of pegless construction will offer immense growth opportunities, the limited use of mobile machine control will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this wireless mobile machine control market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this wireless mobile machine control market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Cervis Inc.
  • Eaton Corporation Plc
  • GS Global Resources
  • Hartfiel Automation
  • Kar-Tech Inc.
  • Laird Connectivity
  • Leica Geosystems AG
  • Lykketronic AS
  • MOBA Mobile Automation AG
  • WIKA Mobile Control GmbH & Co. KG

Wireless Mobile Machine Control Market: Segmentation by End-user

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Influenced by the rapid rise in industrial and commercial construction projects, the construction industry is growing steadily in countries in Latin America and APAC. Additionally, there is a rise in preference towards infrastructure development in the Middle East and African countries as well. This will contribute to the growth of the wireless machine control market in this segment.

Market growth in this segment will be slower than the growth of the market in the agriculture, and waste management segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the wireless mobile machine control market size.

Wireless Mobile Machine Control Market: Segmentation by Geography

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APAC was the largest wireless mobile machine control market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the increasing economic prosperity and high investment in the industrial and commercial sectors will significantly drive wireless mobile machine control market growth in this region over the forecast period.

42% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for wireless mobile machine controls in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Wireless Mobile Machine Control Market: Key Drivers and Trends

Benefits such as increased safety of machines and personnel will drive wireless mobile machine control market growth. The utilization of machine mobile control reduces the need for on-the-ground survey and construction crew string lining. This will consequently reduce the probability of workplace injury. Additionally, the usage of mobile machine control system also eliminates the need for manual labor to perform several activities and ensures the safety of personnel. Real-time levels are displayed inside the cab resulting in a safer construction method.

Internet of Things (IoT) is an interconnection of several mechanical or digital devices that enable data transfer from end-to-end without human intervention. IoT simplifies connectivity techniques using IPv6-based protocol addressing systems and provides better solutions to interoperability and data readability issues. Additionally, IoT also provides the flexibility of operating heavy machinery remotely and efficiently, using wireless mobile machine control. The emergence of IoT is identified to be one of the key trends that will gain traction in the wireless mobile machine control market. As a result, the market will register a CAGR of over 7% by 2024

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Wireless Mobile Machine Control Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive wireless mobile machine control market growth during the next five years
  • Precise estimation of the wireless mobile machine control market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the wireless mobile machine control market industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wireless mobile machine control market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Construction - Market size and forecast 2019-2024
  • Agriculture - Market size and forecast 2019-2024
  • Mining - Market size and forecast 2019-2024
  • Waste management - Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Cervis Inc.
  • Eaton Corporation Plc
  • GS Global Resources
  • Hartfiel Automation
  • Kar-Tech Inc.
  • Laird Connectivity
  • Leica Geosystems AG
  • Lykketronic AS
  • MOBA Mobile Automation AG
  • WIKA Mobile Control GmbH & Co. KG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The wireless mobile machine control market growth will increase by $1311.95 million during 2019-2024.
The wireless mobile machine control market is expected to grow at a CAGR of 7.22% during 2019-2024.
Technavio has segmented the wireless mobile machine control market by end user (Construction, Agriculture, Mining, and Waste management) and geographic (APAC, North America, Europe, MEA, and South America).
Cervis Inc., Eaton Corporation Plc, GS Global Resources, Hartfiel Automation, Kar-Tech Inc., Laird Connectivity, Leica Geosystems AG, Lykketronic AS, MOBA Mobile Automation AG, WIKA Mobile Control GmbH & Co. KG are a few of the key vendors in the wireless mobile machine control market.
APAC will register the highest growth rate of 42.44% among the other regions. Therefore, the wireless mobile machine control market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the wireless mobile machine control market growth are:
  • Advent of pegless construction
  • Deployment of 3D machine control technology for paving processes
The wireless mobile machine control market vendors should focus on grabbing business opportunities from the construction segment as it accounted for the largest market share in the base year.
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